IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 216 Shares of Markel Group Inc. (NYSE:MKL)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,344 shares of the insurance provider's stock after selling 216 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Markel Group were worth $2,320,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Markel Group in the 3rd quarter valued at $31,000. Larson Financial Group LLC bought a new stake in Markel Group during the third quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new stake in Markel Group during the 4th quarter worth about $36,000. FPC Investment Advisory Inc. bought a new position in shares of Markel Group in the 4th quarter worth about $37,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at about $41,000. 77.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company's stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 1,146 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 over the last three months. 1.71% of the stock is currently owned by insiders.

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Markel Group Stock Down 0.2 %

Markel Group stock traded down $2.91 during mid-day trading on Monday, reaching $1,852.53. The stock had a trading volume of 10,436 shares, compared to its average volume of 47,102. The firm has a market capitalization of $23.66 billion, a PE ratio of 9.30 and a beta of 0.82. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The stock's 50-day simple moving average is $1,865.72 and its 200-day simple moving average is $1,730.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, sell-side analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $1,702.20.

About Markel Group

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.